CoinVoice has recently learned that, according to Caixin reports, Qian Fenglei, who is seen as a friend of Jack Ma, and several companies under his actual control, including Hengfeng International, are suspected of publicly selling multiple collective investment schemes in Hong Kong that have not been recognized by the Hong Kong Securities and Futures Commission. Tens of thousands of people have suffered financial losses, and some individuals have reported to the public security organs in Mainland China, with victims hoping that the Hong Kong Securities and Futures Commission will take the initiative to investigate.

Caixin's investigation found that a large number of people from Mainland China participated, with one sales group exceeding 120,000 people. According to previous reports, Cao Guowei, Cai Wensheng, Zeng Fanzhi, Li Lin, Shen Guojun, Yu Guoxiang, Lin Jiali, Wu Guangming, and others are also investors in this project. [Original link]